Legal Question in Wills and Trusts in Virginia

what does it mean when a will reads: All monies in accounts goes to Person A "in trust for" Person B and Person C.


Asked on 11/08/11, 7:15 pm

1 Answer from Attorneys
Paul B. Ward Law Offices of Paul B. Ward

It means that the money will be held by person A and distributed to persons B & C in accordance with the terms of the will. B & C may only have a right to the income, or may have a right to both income and principal, but restricted in time (for example, no principal until age 30).

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Answered on 11/09/11, 7:16 am


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